Real estate company accounting software is an invaluable asset for managing the finances of any real estate business. It can streamline complex transactions, automate calculations, reduce manual errors and boost efficiency; not to mention easily producing key financial reports such as cash flow statements and balance sheets.

Real Estate Accounting Software Features Most general accounting software can meet the basic accounting needs of real estate companies, but industry-specific solutions have special features designed to assist with more effectively managing the complexity of the industry. Real estate-specific software may include features like customizable accounts to better match how businesses track income and expenses as well as streamlining property management by automatically tracking rent payments due dates lease terms and providing more detailed reporting of property performance or investments.

Furthermore, real estate accounting software should integrate seamlessly with other systems used by your business – like an MLS listing service, CRM platform and document management solution – minimizing manual data entry while keeping all platforms updated with accurate information. Some solutions even sync directly with credit cards and bank accounts so you can automatically import daily transactions.

Real estate accounting software can be especially helpful during tax season by helping you organize expenses specific to the industry, such as mileage for showings, client meals or entertainment, home and office expenses and marketing costs. By keeping track of these expenses throughout the year, real estate accounting software can help save money on taxes while increasing end-of-year deductions.

Some of the top real estate accounting software options are cloud-based and can be accessed from anywhere. Zoho Books is an innovative option that provides real estate accounting features like transaction reconciliation (including bank feeds), invoicing/billing capabilities, customizable accounts structures and much more. Property Base features an impressive library of integrations, such as Zillow, DocuSign and more. Other accounting programs that specialize in real estate accounting features include QuickBooks Online, Sage Intacct and Property Base. All three solutions offer excellent choices for real estate firms looking to automate their AP and AR processes and enhance financial reporting, insights and forecasting capabilities. Sage Intacct offers flexible pricing structures, with its quote-based model being more suitable for larger software budgets. Meanwhile, Xero can be an excellent solution for real estate agents that prefer clean accounting and automation over more in-depth property tracking capabilities; its free plan offers double-entry accounting, simple invoicing and payroll services in some countries; for more advanced features upgrade to their paid plans which start from $38/month or $65/month respectively.